Cia Price
- Democratic
- Delegate
- District 85
Primary
Earned income tax credit. Allows eligible low-income taxpayers to claim a refundable income tax credit equal to 20 percent of the federal earned income tax credit claimed that year by the taxpayer for the same taxable year. The bill also states that individuals who would have been entitled to the federal equivalent of this credit but for the fact that the individual, the individual's spouse, or one or more of the individual's children does not have a valid social security number are eligible to claim this credit. Under current law, taxpayers may choose to claim either a nonrefundable tax credit equal to 20 percent of the federal earned income tax credit claimed that year or a refundable tax credit equal to 15 percent of the federal earned income tax credit claimed that year.
A BILL to amend and reenact ยง 58.1-339.8 of the Code of Virginia, relating to earned income tax credit.
Left in Appropriations
Reported from Finance with substitute and referred to Appropriations (12-Y 10-N)
Committee substitute printed 25105847D-H1
Subcommittee recommends reporting with substitute and referring to Appropriations (5-Y 3-N)
Assigned Finance sub: Subcommittee #3
Impact statement from TAX (HB1717)
Prefiled and ordered printed; Offered 01-13-2025 25101989D
Referred to Committee on Finance
| Bill Text Versions | Format |
|---|---|
| Finance Substitute | HTML PDF |
| Introduced | HTML PDF |
| Document | Format |
|---|---|
| Impact statement from TAX (HB1717) |
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